Question

Copper futures are written on 25,000 pounds per contract and prices are quoted in dollars per...

Copper futures are written on 25,000 pounds per contract and prices are quoted in dollars per pound. The maintenance margin is $3100 per contract , and the initial margin is 110% of the maintenance margin. You take a short position in one April 2019 Copper futures contract at the end of the day on January 23 and fund your account with cash to meet the initial margin. Fill in the table below based on the price realizations.

Date Futures Price Daily Gain Cumulative Gain Account Balance Margin Call Ending Margin
1/23 2.66
1/24 2.64
1/25 2.67
1/28 2.72
1/29 2.68
1/30 2.65
1/31 2.61
0 0
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Home nert Page Layout Formulas Data Review View dd-Ins Cut copy ▼ Format Painter Σ AutoSum Wrap Text в 1 프 . Ej-., Δ. : rーー 逻锂函Merge & Center. $, % , 弼,8 C Conditional Format CeInsert Delete Format Formatting, as Table w styles. ▼ ㆆ ▼ Sort &Find & 2 ClearFe Select Edting Clipboard DJ37 DC Alignment Number DE DF DG DH DK DL DM DN DO 26 27 28 29 30 CUMULATIVE ACCOUNT MARGIN ENDING BALANCE CALL 3410 4410 2910 DATE PRICE DAILY GAIN GAIN MARGIN Jan-23 Jan-24 Jan-25 Jan-28 Jan-29 Jan-30 Jan-31 2.66- 2.64 2.67 2.72 2.68 2.65 2.61 1000 1500 2500 2000 1500 2000 1000 500 3000 1000 500 2500 3410 4410 3100 600 2500 3100 5100 6600 0 8600 0 190 32 5100 6600 8600 0 0 34 35 36 37 38 39 40 42 43 4 H KE CAPM UTILITY, SH beta bond c future INDEX INTL CAP BUD LEASING PV, FV, ANNUITY DIR cleanYIELD bond stru WACCRESI ex d 130% 05:03 01-02-2019

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